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LTV based on Sell price or Valuation?

  • 21-09-2017 4:56pm
    #1
    flashforward
    Registered Users, Registered Users 2 Posts: 325 ✭✭


    What happens with a sale when the sell price is less or more than a valuation?

    Is the LTV rate that the banks offer always based on the sell price?


Comments

  • #2
    Lumen
    Registered Users, Registered Users 2 Posts: 31,223 ✭✭✭✭Lumen


    What happens with a sale when the sell price is less or more than a valuation?

    It won't be.


  • #3
    bleary
    Registered Users, Registered Users 2 Posts: 495 ✭✭bleary


    Lumen wrote: »
    It won't be.

    Why wouldn't it be for example when someone is buying out a share of a house? There are cases where valuations come in lower than sales price


  • #4
    Lumen
    Registered Users, Registered Users 2 Posts: 31,223 ✭✭✭✭Lumen


    bleary wrote: »
    Why wouldn't it be for example when someone is buying out a share of a house? There are cases where valuations come in lower than sales price
    Fair enough, although that would presumably be declared as "not full market price" on the stamp duty return.


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